Showing 784–792 of 1965 results

  • What is a global market segment? Pick a market that you know something about and describe the global segments of this market.

    $10.00
    1. What is a global market segment? Pick a market that you know something about and describe the global segments of this market.
    2. Pick a market that you know something about and describe the global segments of this market.
    3. Briefly describe Hamel and Prahalad’s framework for competitive advantage.
    4. Compare and contrast the typical channel structures for consumer products and industrial products.
    5. How does the standardized-versus-localized debate apply to advertising? Identify and discuss the problems with assessing advertising effectiveness in foreign markets.
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  • Compare & Contrast Income inequality as presented by Diaz

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    Compare & Contrast Income inequality as presented by Diaz

    Compose a five to six pages where you compare and contrast income inequality. You will read one of the articles in Chapter 8, either Diaz, Krugman, Ehrenreich, Friedman, or Reich, and then use it as a starting point to construct a logical argument. You will need at least two sources for this assignment. One needs to be from the book.

    Overview
    At this time we are all familiar and comfortable with comparing and contrasting. This technique is an important aspect of academic essay writing and a skill that you will use in many writing and critical thinking assignments. Comparing and contrasting allows us to see many sides of a topic and allows us to argue our opinions in a logical and measured way that forces us to consider multiple points of view.

    Composing Advice
    Select one that you passionately agree with or disagree with. This is essential. Make sure you know your article, the main ideas and concepts. Then you may use another article, either from the book or the databases (from

    Opposing Viewpoints?), to compare/contrast.
    As you need an introduction, make sure you spend your time building context for your reader. What is income inequality? Is it real? A myth? Can people move upward economically? Of course, you will need a thesis.
    The body of the composition will be spent comparing and contrasting. This is why you will need two articles. We have looked at the subject by subject method and the point by point method. Using point by point would lend itself to such an assignment. Focus on the main ideas of your sources and show how they compare or contrast, all the while revealing which one you believe to be the correct argument.

    Sources

    You will need two sources. You are encouraged to use two from Chapter Eight. You are required to use at least one. You will need to use MLA documentation and have a work cited page.

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  • DISCUSSION PAPER 2 Question #2 Financial Model

    $5.00

    What is a financial model? Why is the financial model important to the long-term planning process?

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  • DISCUSSION PAPER 3 Question 4: Non Profit Organizations

    $5.00

    Question 4: Discuss the use of partnerships, joint ventures, and strategic alliances among nonprofit organizations.

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  • Economics News Article Analysis: THE FIFTH DOWN; Jets Lower Ticket Prices

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    Economics News Article Analysis 1

    Total Points: 30

    Purpose of Assignment

    The purpose of this assignment is to help the student to analyze current events using economic principles. First, the student is expected to be able to summarize and demonstrate understanding of the current event. Secondly, the student is expected to be able to identify and explain related economic principles to the current event. Finally, the student is expected to be able to provide deeper insight and analysis on the current event through an economic perspective that demonstrates critical thinking.

    Campus-Wide Outcomes Focus

    The following assignment will assess the student for the following learning outcomes:

    Written Communication

    1.3 Demonstrate the ability to develop an idea through the use of concrete examples and specific details

    1.5 Demonstrate appropriate methods of integrating and documenting outside sources.

    1.7 Demonstrate clear organization of thoughts in coherent written form.

    1.8 Demonstrate appropriate choice of format, style, and tone for each particular writing assignment.

    Critical Thinking

    2.1 Apply relevant criteria and standards when evaluating information, claims, and arguments.

    2.2 Use appropriate reasoning to evaluate problems, make decisions, and formulate solutions.

    2.3 Give reasons for conclusions, assumptions, beliefs, and hypotheses.

    2.5 Exhibit traits evidencing the disposition to reflect, assess, and improve thinking or products of thinking.

    Submission

    Due Date: Friday April 29th by 11pm

    Please submit your paper in Word document format through Canvas. I will not accept any hardcopy of your paper.

    News Article Criteria:

    • The news article must be published within the last 360 days.
    • The news article must be an article NOT AN EDITORIAL!
    • The news article must be come from one of these approved news sources
    • Newsweek
    • New York Times
    • The Economist
    • The Wall Street Journal
    • Business Week
    • Washington Post
    • Los Angeles Times
    • Seattle Times
    • Seattle Post-Intelligencer
    • US News & World Report
    • All these news sources are available at the GRCC library. If you want to use a different news source, you must get the instructor’s approval.
    • The news article must be related to an approved topic that has been given by the instructor

    Analysis Criteria:
    Your analysis must explicitly answer the following questions:

    • What is this article talking about? In your own words, summarize the article. (200 words minimum)
    • Identify, define, and explain the economic concept that is related to this article. The concepts must be from the concepts lists in the chapters covered by the class. You only need to identify and define 1 or 2 concepts. Make sure you give definitions to the economic concepts or terms you mentioned in your paper. (200 words minimum)
    • What other perspectives and deeper insight can you offer to the article given your understanding of economics and what can you add beyond what is discussed in the article? Read the textbook regarding these concepts and look how these concepts are explained. What different or similar perspectives are given from the textbook? How and why are they different? (200 words minimum)

    Citation Requirements:

    • Your paper should start with an APA citation of the article. For example:
    • Delaney, K. J., Karnitschnig, M., & Guth, R. A. (2008, May 5). Microsoft ends pursuit of Yahoo, reassesses its online options. The Wall Street Journal, pp. A1, A12.

    Paper Format Requirements:

    • Use 1.5 spacing.
    • Use a standard font (such as New Times Roman 12).
    • Use standard 1 inch margins on top, bottom, and sides.
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  • THREE UNETHICAL CASES IN TODAY’S BUSINESS ENVIRONMENT

    $25.00

    Business ethics final report

    Three unethical cases in today’s business environment

    • Case 1- La linea Corruption Case
    • Case 2- Enron
    • Case 3- Donald Trump Immigration plan

    Pages: 8, double spaced

    Citation: Harvard

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  • CHAPTER 2 MINI CASE: Barney Smith Inc.

    $7.00

    SITUATION

    Assume that you recently graduated with a major in finance, and you just landed a job as a financial planner with Barney Smith Inc., a large financial services corporation.  Your first assignment is to invest $100,000 for a client.  Because the funds are to be invested in a business at the end of 1 year,  you have been instructed to plan for a 1 year holding period.  Further, your boss has restricted you to the following investment alternatives shown with their probabilities and associtated outcomes. Barney Smith’s economic forecasting staff has developed estimates for the state of the economy and its security analyst have developed a sophisticated computer program which was used to estimate the rate of return on  each state of the economy.  Alta Industries is an electronics firm; Repo Men collects past due debts; and American Foam manufactures mattresses and various foam products.  Barney Smith also maintains an “index fund” which owns a market-weighted fraction of all publicly traded stocks; you can invest in that fund, and thus obtain average stock market results.  Given the situation as described, answer the following questions.

    Return on Investment

    What is the return on an investment that costs $1,000 and is sold a year later for $1,100?

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  • Problem Set 2 International Finance – SUGGESTED SOLUTIONS TO CHAPTER 4 PROBLEMS

    $15.00
    1. From base price levels of 100 in 1987, West German and U.S. price levels in 1988 stood at 102 and 106, respectively. If the 1987 $/DM exchange rate was $0.54, what should the exchange rate be in 1988? In fact, the exchange rate in 1988 was DM 1 = $0.56. What might account for the discrepancy? (Price levels were measured using the consumer price index.)
    2. In early 1996, the short-term interest rate in France was 3.7%, and forecast French inflation was 1.8%. At the same time, the short-term German interest rate was 2.6% and forecast German inflation was 1.6%.
      • Based on these figures, what were the real interest rates in France and Germany?
      • To what would you attribute any discrepancy in real rates between France and Germany?
    1. In July, the one‑year interest rate is 12% on British pounds and 9% on U.S. dollars.
      • If the current exchange rate is $1.63:,1, what is the expected future exchange rate in one year?
      • Suppose a change in expectations regarding future U.S. inflation causes the expected future spot rate to decline to $1.52:£1. What should happen to the U.S. interest rate?
    1. If expected inflation is 100% and the real required return is 5%, what will the nominal interest rate be according to the Fisher effect?
    1. Suppose that in Japan the interest rate is 8% and inflation is expected to be 3%. Meanwhile, the expected inflation rate in France is 12%, and the English interest rate is 14%. To the nearest whole number, what is the best estimate of the one‑year forward exchange premium (discount) at which the pound will be selling relative to the French franc?
    2. The inflation rate in Great Britain is expected to be 4% per year, and the inflation rate in Switzerland is expected to be 6% per year. If the current spot rate is £1 = SF 12.50, what is the expected spot rate in two years?
    3. If the $:¥ spot rate is $1 = ¥218 and interest rates in Tokyo and New York are 6% and 12%, respectively, what is the expected $:¥ exchange rate one year hence?
    4. Suppose that on January 1, the cost of borrowing French francs for the year is 18%. During the year, U.S. inflation is 5%, and French inflation is 9%. At the same time, the exchange rate changes from FF 1 = $0.15 on January 1 to FF 1 = $0.10 on December 31. What was the real U.S. dollar cost of borrowing francs for the year?
    5. Assume the interest rate is 16% on pounds sterling and 7% on the Euro. At the same time, inflation is running at an annual rate of 3% in Germany and 9% in England.
      1. If the Euro is selling at a one-year forward premium of 10% against the pound, is there an arbitrage opportunity? Explain.
      2. What is the real interest rate in Germany? in England?
      3. Suppose that during the year the exchange rate changes from Euro2.7/£1 to Euro2.65/£1. What are the real costs to a German company of borrowing pounds? Contrast this cost to its real cost of borrowing Euro.
      4. What are the real costs to a British firm of borrowing Euro? Contrast this cost to its real cost of borrowing pounds.
    1. Suppose today’s exchange rate is $0.62/Euro. The 6-month interest rates on dollars and Euro are 6% and 3%, respectively. The 6-month forward rate is $0.6185. A foreign exchange advisory service has predicted that the Euro will appreciate to $0.64 within six months.
      1. How would you use forward contracts to profit in the above situation?
      2. How would you use money market instruments (borrowing and lending) to profit?
      3. Which alternatives (forward contracts or money market instruments) would you prefer? Why?

    Chapter 11(a) problems 

    1. On January 1, the U.S. dollar:Japanese yen exchange rate is $1 = ¥250. During the year, U.S. inflation is 4% and Japanese inflation is 2%. On December 31, the exchange rate is $1 = ¥235. What are the likely competitive effects of this exchange rate change on Caterpillar Tractor, the American earth‑moving manufacturer, whose toughest competitor is Japan’s Komatsu?
    2. In 1990, General Electric acquired Tungsram Ltd., a Hungarian light bulb manufacturer. Hungary’s inflation rate was 28% in 1990 and 35% in 1991, while the forint (Hungary’s currency) was devalued 5% and 15%, respectively, during those years. Corresponding inflation for the U.S. was 6.1% in 1990 and 3.1% in 1991.
      1. What has happened to the competitiveness of GE’s Hungarian operations during 1990 and 1991? Explain.
      2. In early 1992, GE announced that it would cut back its capital investment in Tungsram. What might have been the purpose of GE’s publicly announced cutback?
      3. Assess the likely consequences of a declining dollar on Fluor Corporation, the international construction‑ engineering contractor based in Irvine, California. Most of Fluor’s value‑added involves project design and management; most of its costs are for U.S. labor in design, engineering, and construction‑management services.
    1. The Edmonton Oilers (Canada) of the National Hockey League are two‑time defending Stanley Cup champions. (The Stanley Cup playoff is hockey’s equivalent of football’s Super Bowl or baseball’s World Series.) As is true of all NHL teams, most of the Oilers’ players are Canadian. How are the Oilers affected by changes in the Canadian dollar/U.S. dollar exchange rate?
    2. South Korean companies such as Goldstar, Samsung, and Daewoo have captured more than 10% of the U.S. color TV market with their small, low‑priced TV sets. They are also becoming more significant exporters of videocassette recorders and small microwave ovens. What currency risk do these firms face?
    3. Black & Decker Manufacturing Co. of Towson, Maryland, has roughly 45% of its assets and 40% of its sales overseas. How does a soaring dollar affect its profitability, both at home and abroad?
    4. The shipbuilding industry is facing a worldwide capacity surplus. Although Japan currently controls about 50% of the world market, it is facing severe competition from the South Koreans. Japanese shipyards are extraordinarily productive, but at current price levels were just about breaking even with an exchange rate of ¥240 = $1. What are the likely effects on Japanese shipbuilders of a yen appreciation to ¥180 = $1? The South Korean won has maintained its dollar value.

    Chapter 11(b) problems 

    1. Gizmo, U.S.A. is investigating medium‑term financing of $10 million in order to build an addition to its factory in Toledo, Ohio. Gizmo’s bank has suggested the following alternatives:
    Type of loan Rate
    3-year U.S. dollar loan

    3-year Euro loan

    3-year Swiss franc loan

    		 14

    8

    4
    • 1. What information does Gizmo require to decide among the three alternatives?
    • 2. Suppose the factory will be built in Geneva, Switzerland, rather than Toledo. How does this affect your answer in part a?
    1. In September 1992, Dow Chemical reacted to the currency chaos in Europe by switching to Euro pricing for all its products in Europe. The purpose, said a Dow executive, was to shift currency risk from Dow to its European customers. Moreover, said the Dow executive, the policy was fairer: By setting the same DM price throughout Europe, Dow’s new policy would nullify any advantage that a Dow customer in one company might have over competitors in another country based on currency swings.
      • What is Dow really trying to accomplish with its new pricing policy?
      • What is the likelihood that this new policy will reduce Dow’s currency risk?
      • How are Dow’s customers likely to respond to this new policy?
    1. Cost Plus Imports is a West Coast chain specializing in low‑cost imported goods, principally from Japan. It has to put out its semiannual catalogue with prices that are good for six months. Advise Cost Plus Imports on how it can protect itself against currency risk.
    2. Lyle Shipping, a British company, has chartered out ships at fixed‑U.S.‑dollar freight rates. How can Lyle use financing to hedge against its exposure? How will your recommendation affect Lyle’s translation exposure? Lyle uses the current rate method to translate foreign currency assets and liabilities. However, the charters are off‑balance‑sheet items.
    3. In 1985, Japan Airlines (JAL) bought $3 billion of foreign exchange contracts at ¥180/$1 over 11 years to hedge its purchases of U.S. aircraft. By 1994, with the yen at about ¥100/$1, JAL had incurred more than $1 billion in cumulative foreign exchange losses on that deal.
      • What was the economic rationale behind JAL’s hedges?
      • Did JAL’s forward contracts constitute an economic hedge? That is, is it likely that JAL’s losses on its forward contracts were offset by currency gains on its operations?
    4. In 1990, a Japanese investor paid $100 million for an office building in downtown Los Angeles. At the time, the exchange rate was ¥145/$1. When the investor went to sell the building five years later, in early 1995, the exchange rate was ¥85/$1 and the building’s value had collapsed to $50 million.
      • What exchange risk did the Japanese investor face at the time of his purchase?
      • How could the investor have hedged his risk?
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  • Small Business Dilemma Book Answers

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    Question 1

    Small Business Dilemma

    Long-Term Financing Decision by the Sports Exports Company

    The Sports Exports Company continues to focus on producing footballs in the U.S. and exporting them to the United Kingdom. The exports are denominated in pounds, which has continually exposed the firm to exchange rate risk. It is now considering a new form of expansion where it would sell specialty sporting goods in the U.S. If it pursues this U.S. project, it would need to borrow long-term funds. The dollar-denominated debt has an interest rate that is slightly lower than the pound- denominated debt.

    1. Jim Logan, owner of the Sports Exports Company, needs to determine whether dollar- denominated debt or pound-denominated debt would be most appropriate for financing this expansion, if he does expand. He is leaning toward financing the U.S. project with dollar- denominated debt, since his goal is to avoid exchange rate risk. Is there any reason why he should consider using pound-denominated debt to reduce exchange rate risk?
    2. Assume that Jim decides to finance his proposed U.S. business with dollar-denominated debt if he does implement the U.S. business idea. How could he use a currency swap along with the debt to reduce the firm’s exposure to exchange rate risk?

    Question 2

    1. Capital Budgeting Analysis.
      Zistine Co. considers a one-year project in New Zealand so that it can capitalize on its technology. It is risk-averse, but is attracted to the project because of a government guarantee. The project will generate a guaranteed NZ$8 million in revenue, paid by the New Zealand government at the end of the year. The payment by the New Zealand government is also guaranteed by a credible U.S. bank. The cash flows earned on the project will be converted to U.S. dollars and remitted to the parent in one year. The prevailing nominal one- year interest rate in New Zealand is 5% while the nominal one-year interest rate in the U.S. is 9%. Zistine’s chief executive officer believes that the movement in the New Zealand dollar is highly uncertain over the next year, but his best guess is that the change in its value will be in accordance with the international Fisher effect. He also believes that interest rate parity holds. He provides this information to three recent finance graduates that he just hired as managers and asks them for their input.

      1. The first manager states that due to the parity conditions, the feasibility of the project will be the same whether the cash flows are hedged with a forward contract or are not hedged. Is this manager correct? Explain.
      2. The second manager states that the project should not be hedged. Based on the interest rates, the IFE suggests that Zistine Co. will benefit from the future exchange rate movements, so the project will generate a higher NPV if Zistine does not hedge. Is this manager correct? Explain.
      3. The third manager states that the project should be hedged because the forward rate contains a premium, and therefore the forward rate will generate more U.S. dollar cash flows than the expected amount of dollar cash flows if the firm remains unhedged. Is this manager correct? Explain.
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